GM Advisory Group LLC Acquires 1,940 Shares of Walmart Inc. (NYSE:WMT)

GM Advisory Group LLC grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 32.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 7,986 shares of the retailer’s stock after acquiring an additional 1,940 shares during the period. GM Advisory Group LLC’s holdings in Walmart were worth $645,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of WMT. WFA Asset Management Corp increased its position in shares of Walmart by 201.0% during the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after buying an additional 1,397 shares during the period. Dupont Capital Management Corp grew its holdings in Walmart by 165.4% in the first quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock worth $16,255,000 after purchasing an additional 168,346 shares during the period. EntryPoint Capital LLC acquired a new stake in Walmart in the first quarter worth $25,000. Westwood Holdings Group Inc. grew its holdings in Walmart by 168.9% in the first quarter. Westwood Holdings Group Inc. now owns 1,531,461 shares of the retailer’s stock worth $92,148,000 after purchasing an additional 961,936 shares during the period. Finally, Gamco Investors INC. ET AL grew its holdings in Walmart by 193.3% in the first quarter. Gamco Investors INC. ET AL now owns 74,195 shares of the retailer’s stock worth $4,464,000 after purchasing an additional 48,895 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

NYSE WMT opened at $90.44 on Friday. The company’s 50 day moving average is $82.12 and its 200-day moving average is $73.75. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $90.91. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a market cap of $726.94 billion, a P/E ratio of 37.11, a price-to-earnings-growth ratio of 4.20 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 earnings per share. Sell-side analysts predict that Walmart Inc. will post 2.47 earnings per share for the current year.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the transaction, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. The trade was a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the transaction, the insider now directly owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,337,337 shares of company stock valued at $958,823,647. Corporate insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WMT shares. Robert W. Baird raised their price target on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday. Piper Sandler lifted their price objective on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Truist Financial raised their price target on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday. Guggenheim raised their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Bank of America raised their price target on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.88.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.